Answer: More elastic; Lower
Explanation:
Before the entry of a new firm, there is only one firm exist in the market and that single firm is experiencing a monopoly power. But when there is a entry of its competitor then as a result second firm have to reduce their prices of the products as demand is elastic. We know that market is very sensitive to the prices. This fall in prices will lead to increase the demand for the products but with the lower prices, the marginal revenue of the second firm will be more elastic because of the lower prices.
Data on how, when, why, where and what people buy refers to marketing analytics which is a strategy that companies use to segment their market and develop promotional campaigns that are more aligned with their consumer.
<h3 /><h3>What is Marketing Analytics?</h3>
It is the area of marketing responsible for collecting data to identify consumption patterns, develop the most effective strategy to reach the target audience and facilitate the decision-making process.
Therefore, a company that performs marketing analysis is more likely to be well positioned in a competitive market, where companies need to identify how to generate value for their consumers to achieve strategic advantages.
Find out more information about marketing analytics here:
brainly.com/question/20714266
Answer:
People who have finished their bachelor's degree.
The next three degrees are Master of science or arts,
Doctor of Philosophy and Master of Philosophy.
Explanation:
Hope this helps!
Answer: Bagley's ethical leader's decision tree
Explanation: In simple words, It refers to a framework that helps the managers of an organisation to take decisions regarding which they are uncertain and doubtful. It take into consideration all the possibilities and shortlists them on the basis of situation priorities.
In the given case, Wendy wants to determine whether they should close the facility temprarily or permanently. They are uncertain which action would be legal and correct.
Hence from the above we can conclude that they are using Bagley decision tree.
